The start of a new tax year, is the perfect opportunity to reset, get organised, and put yourself in a strong position for the months ahead. With Making Tax Digital starting this month more people than ever are needing that software support to get things organised. A Fresh Start for Your Finances The new tax year isn’t just a change in dates. Getting your accounts up to date now means you can: Avoid last-minute stress as deadlines approach Work with clear, accurate financial information Make...

Key Takeaways For small businesses, the main things to keep in mind are: Minimum wage increases Frozen tax thresholds Slight changes to business rates Higher penalties for late company tax returns Digital tax reporting continuing to roll out Below is a quick breakdown of what each of these means: Wages Are Increasing From April 2026 , minimum wage rates will rise. New hourly rates: Age 21 and over:  £12.71 Age 18–20:  £10.85 Under 18s and apprentices:  £8.00 If you employ staff, it’s worth...

Here's what you need to know and how you can prepare: Sole traders and landlords  earning over £50,000  in the 24/25 year YOU are IN MTD for Income Tax Self Assessments. What changes should you expect?! For a start you now have to submit your tax returns digitally through approved software. Our practice specialise in FreeAgent and Xero for this :) Instead of just 1 annual return to HMRC you will need to do 4 submissions throughout the year AND a final declaration confirming everything is...